India Forex Reserves Rise to USD 674.19 Billion as RBI Reports Weekly Increase

India's foreign exchange reserves recorded a strong increase during the week ended July 3, 2026, according to a report by PTI. According to data released by the Reserve Bank of India (RBI), the country's forex reserves rose by USD 7.26 billion to USD 674.193 billion.

The increase follows a decline of USD 5.654 billion in the previous reporting week. The latest data reflects gains across foreign currency assets, gold reserves, Special Drawing Rights (SDRs), and India's reserve position with the International Monetary Fund (IMF).

India Forex Reserves Increase by USD 7.26 Billion

The RBI reported that India's foreign exchange reserves climbed to USD 674.193 billion during the week ended July 3, 2026. In the preceding week, reserves had fallen to USD 666.933 billion after a decline of USD 5.654 billion.

The latest rise helped reverse a portion of that decrease and strengthened the country's external buffer. Foreign exchange reserves are closely monitored as they support currency stability, external payment obligations, and investor confidence.

Foreign Currency Assets Drive Reserve Growth

Foreign currency assets, the largest component of India's forex reserves, increased by USD 4.51 billion to USD 545.578 billion during the reporting week. These assets comprise holdings in various foreign currencies and account for the bulk of India's reserve stockpile.

The RBI noted that foreign currency assets expressed in US dollar terms are influenced by the appreciation or depreciation of non-US currencies such as the euro, pound, and yen. Movements in global currency markets therefore play a role in determining the valuation of these assets.

Gold Reserves Jump Above USD 105 Billion

India's gold reserves recorded a notable increase during the week. The value of gold holdings rose by USD 2.669 billion to USD 105.205 billion, according to RBI data.

Gold has become an increasingly important component of India's reserve portfolio in recent years. Changes in international gold prices and valuation adjustments often influence the overall contribution of gold reserves to the country's forex holdings.

RBI Data Shows Gains in SDR and IMF Reserve Position

Other reserve components also registered modest growth during the week ended July 3, 2026. India's SDR holdings increased by USD 65 million to USD 18.623 billion.

The country's reserve position with the IMF also rose by USD 15 million to USD 4.787 billion. Although these components are smaller than foreign currency assets and gold reserves, they remain part of the overall reserve framework maintained by the central bank.

Read More: India’s Gold Imports Decline Sharply After Duty Hike.

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Conclusion

India's forex reserves increased significantly during the week ended July 3, 2026, reaching USD 674.193 billion after adding USD 7.26 billion. The rise was supported mainly by higher foreign currency assets and a substantial increase in gold reserves.

Despite remaining below the record high of USD 728.494 billion recorded in the week ended February 27, 2026, the latest figures indicate an improvement from the previous week's decline. Growth across multiple reserve components highlights the broad-based nature of the increase reported by the RBI.

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